Wholesale Startup Cost

[James Danchus]

So after a few weeks of research, I have come to the realization that contrary to popular belief, it DOES take some money to start a wholesaling business.

My question to experienced wholesalers out there is, how big of a budget did you start with when you started yours?  

 By my estimates, the first month of business is going to cost around $1,500 to pay for the variuos services, buy my first list (1000 leads), and to send out the first/second mailers (3 weeks apart). After which, I'm looking at about $500 per month to keep the mail campaign running in 3 week intervals (assuming I just use the same list). That means I am looking at $5,500 total investment to keep the business running for 6 months.

Does this sound about right?